Strategy in a Nonprofit Organization

ID : 21003

Description: We hear a lot about for-profit companies, such as Apple Computer or Wal-Mart, and the successful strategies they have developed. Even though nonprofit organizations are not concerned with profit maximization, they too can benefit from following a strategy.

A nonprofit's strategy constitutes its decisions about what it will do and how it will do it. Managers are critical to successfully implementing strategy since they are responsible for carrying out the actions that will support it. By understanding a nonprofit's strategy and how it helps the organization fulfill its mission, a manager can do a better job implementing the strategy.

Instructor Description: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.

RequirementsThis course does not require any additional purchases of supplementary materials.

Define strategyExplain the basics of strategy in a nonprofit contextDescribe the strategic planning process and how different approaches may be taken by different organizationsDiscuss how mission statements are constructedExplain how budgets and capital budgets interrelate with nonprofit strategic planningDescribe the success factors for strategic planningRecognize the need for contingency planning